Gabel Associates' unique combination of ground floor experience in policy development, and in-depth activity in project development for both retail and wholesale energy markets, positions the firm to advocate for our clients' best interests in regulatory and legislative arenas.
Gabel Associates has a long history working with energy policy, experience that is rewarded today with a place at the table for the development of many key regulatory and policy initiatives. We were members of the New Jersey Governor's Task Force on Renewable Energy in 2003, a committee that produced New Jersey's progressive Renewable Portfolio Standard. We were on the Governor's Deferred Balance Task Force that made recommendations to the Governor to address the transition from rate caps to competitive market pricing. We also serve on the New Jersey's Renewable Energy Committee, and several subcommittees including the Alternative Compliance Payment Advisory Committee.
Gabel Associates' personnel have substantially participated in every significant energy policy and regulatory initiative in New Jersey for the past 30 years.
When New Jersey revised its method of solar financing from a rebate-based program to a SREC-based program, Gabel Associates was an active participant in the development of the new system - leading to the development of the Solar Energy Advancement and Fair Competition Act in 2010.
As the New Jersey legislature considered how to promote and develop an offshore wind industry for New Jersey, Gabel Associates provided detailed rate and financial analysis, and helped develop the provisions of the Offshore Wind Economic Development Act signed into law in August of 2010.
Gabel Associates also served as the lead generation industry technical representative throughout the development of New Jersey's Electric Discount and Energy Competition Act, the landmark legislation that deregulated and restructured the energy industry. After the passage of EDECA, Gabel Associates assisted in the renegotiation of 11 of the 13 long-term power purchase contracts between utilities and energy producers, and our work on the new contracts saved $332 million for New Jersey energy consumers.
The firm was deeply involved in the development of the Regional Greenhouse Gas Initiative (RGGI), a cooperative effort between states in the northeast that produced the first cap-and-trade program in the United States. We served as a representative to the RGGI Stakeholder Advisory Committee and as lead technical representative for the power generation industry before the New Jersey Legislature, the New Jersey Governor's office and the Department of Environmental Protection on New Jersey's Global Warming Response Act and RGGI legislation and regulations.
Gabel Associates was the lead negotiator for the independent power industry of New Jersey during the redevelopment of its energy tax structure.
The firm is an active participant on key committees at PJM, the regional transmission organization responsible for the electric grid between New Jersey and Illinois, serving on a number of committees that have significant influence on the direction of wholesale energy markets. When PJM was restructured from a utility managed system to an independent system in 1997, Gabel Associates was a key negotiator on behalf of New Jersey generators.
These positions, held across the energy industry, allow us to see critical directions and policy changes well in advance, giving our clients a head start and competitive advantage on future developments.